Jacaranda finance loan, Jacaranda loan interest rate, Jacaranda loans contact number, how to apply, eligibility criteria & requirements
Getting a loan in need is not a piece of cake, you have to look for many things at once like interest rate, duration, repayment term, etc. Also, there are many options available in the market for getting a loan which can make the process lengthy. What if I say you do not need to look at many options but look for many in one? In this article, we will do a Jacaranda Finance Loan Reviews | How to Get a Personal Loan with Jacaranda which can be your final destination for getting a loan.
| Loan App Name | Jacaranda Finance |
| Loan Amount | $1000 to $15000 |
| Loan Tenure | 12 months to 36 months, depending on the borrowed amount. |
| Interest Rate | 10.99% p.a. to 21.24% p.a. |
The detailed analysis will cover Jacaranda features, requirements, Interest rates, pros & cons, application procedure, etc.
Let’s first get an idea about Jacaranda Finance…
Contents
What is Jacaranda Finance?
It is an innovative digital loan provider company that offers various types of loans to Australians.
It believes that people’s lives should be changed financially with the help of an innovative solution that can be easy, fast, and reliable. It wanted to create a remark in the loan sector which is different from the traditional lender.
It only accepts online loan applications as it is 100%, online lender. Its application process is easy, and fast.
Jacaranda Finance has various awards in its basket-like Best personal cash lending provider 2020, small business champion of financial services 2019, and a few other awards mentioned on its website.
Types of Loans Jacaranda Finance Offers
- Personal Loan
- Debt Consolidation Loan
- Bad Credit Loan
- Car Repair Loan
In this post, we will focus on Jacaranda Finance personal loan which is very common among the people, and what people choose mostly.
Jacaranda Finance Personal Loan
A personal loan generally means the loan which you can use for your personal requirement, it can be anything like car purchase, home improvement, medical expenses, marriage, etc.
In other words, a personal loan lets you borrow a set amount of money from a financial institution. You repay the borrowed amount of money with interest over an agreed fixed term.
Jacaranda offers three types of personal loans which are mentioned below.
- Small Personal Loans
- Medium Personal Loans
- Large Personal Loans
Small loans are unsecured personal loans that can be the best solution to a short-term cash-flow problem. If you need cash for an urgent expense, but can not wait until your next payday, then small loans could help you.
Let’s clear the difference between secured loans and unsecured loans.
- Secured Loan: With a secured loan, you will need to provide an asset as security, such as a car ,property, home etc. Secured loans can benefit from lower rates, longer loan terms, and the ability to borrow larger amounts.However, if you don’t repay the loan on time, the lender has the right to seize and sell your asset.
- Unsecured Loan: With an unsecured loan, You do not have to put up an asset as Collateral. The benefit of an unsecured loan is faster, simpler application and assessment, so you could get the money faster.
Jacaranda Finance Personal Loan Eligibility & Requirements
- Be 18 years or older.
- You must be an Australian citizen or permanent resident.
- You should have a steady source of income. Income proof is needed. must have received a regular income (for the last 90-days).
- You must have a bank account and phone number in your name.
- You should have Internet Banking for the bank account where your income is deposited.
- You can get the loan if your income is from Centrelink.
- You should not in a debt agreement or about to enter bankruptcy.
Documents that you may need to apply for a loan
- Your photo ID documents such as your Australian driving license or Passport.
- Details of your current and previous (if applicable) employer.
- Details of your income, assets, expenses and liabilities.
- If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
- last 3 months bank statements.
Jacaranda Finance Personal Loan Features
- The loan process is completely online. Absolutely no Paperwork.
- The loan application process quite simple ,easy and fast.
- You can get a loan with bad credit also.
- The fund will be transferred to your bank account within few hours of your loan application approval.
- Jacaranda offers small personal loans from $1000 to $2000, medium personal loans from $2100 to $4600 and large loans from $5000 to $15000.
- Loan terms for Personal Loans range from 12 months to 36 months, depending on borrowed amount.
- Its small loans are unsecured, however medium & large loans are secured.
- The repayment frequency is per week or per fortnight or per month.
- The interest rate for personal loan depend on your credit score and the type of loan whether it is secured or unsecured.
- There are no restrictions or penalties for repaying your loan early. You could save on interest or fees as well.
Jacaranda Finance Personal Loan Interest Rates
The interest rate depends on your credit, the better the credit, the lower will be the interest rate. you can find the details below.
| Credit Score Types | Rates |
|---|---|
| Good Credit | Interest Rate = Starts from 10.99% Comparison Rate From: 19.26% |
| Credit Builder Plus | Interest Rate = Starts from 14.99% Comparison Rate From: 23.47% |
| Credit Builder | Interest Rate = Starts from 21.24% Comparison Rate From: 28.40% |
- Other rates& fees may apply like Establishment fee, Direct debit dishonour fee, etc. depending on the various factors.
How to Apply for a Jacaranda Personal Loan?
- Visit Jacaranda official website and click on the Apply Now Button on the top right-hand side.
- On the next page, choose your required loan amount (between $1000 to $15000), choose loan duration, select the reason for the loan and click on the Next button.
- On the next page enter Title ,your name, date of birth, Mobile number, Relationship status, email address, tap on Yes or No button for the question Are you an Australian citizen or permanent resident of Australia?, read the terms & condition and click on the Next button.
- Next, fill your fill your income & employment details ,enter your bank details, proof of income etc. and submit the loan application.
- After submitting your loan application, the Jacaranda team will review the documents and if it gets approved you will get the funds with in 24 hours. you mighe get a call from the lender as well.
How Does a Jacaranda Personal Loan Process Work?
- Apply: Complete the loan application process online by sharing basic information about your income, employment, personal details, address, bank details etc. it will take on average 8 minutes to fill the loan application.
- Lending Decision: Once the application process is completed, Jacaranda will process your application and provide you a lending decision quickly.
- Confirmation Call: To finalise your loan application, Jacaranda Staff person will speak with you to verify the details you have provided in the application.
- Sign Documents: If your selected loan amount is approved, review, accept it and sign your loan agreements.
- Get Funds: After accepting & signing the loan agreements, you will receive cash to your linked bank account via Direct deposit in 60 seconds if you have an NPP-enabled bank account.
How Jacaranda Personal Loan Repayment Works?
Your loan repayments will be debited directly from your bank account on a date that you have agreed to throughout the application process.
It means Your regular scheduled payments will be automatically withdrawn from your bank account when your payments are due so you need not worry about missing a payment.
Make sure to maintain a sufficient balance in your bank account on the due date to avoid Dishonour Fee or NSF (Non-Sufficient Funds).
Other methods of making ad hoc payments include Debit Card, Poli Pay, Direct Transfers. you can get in touch with Jacaranda for other payments methods.
Is Jacaranda Finance Legit and Safe?
It is a legitimate & responsible online loan provider that offers various types of loans to Australians.
Jacaranda also has various finance awards in its basket-like Champion of Financial Services 2019, Best Personal Cash Lending Provider 2020, Australian Young Entrepreneur Finance Award 2019 which you can find easily on its official website.
The awards show the people’s trust in Jacaranda and the customer satisfaction with its product.
Jacaranda Finance is committed to protecting the security and confidentiality of your personal information from misuse, interference, loss, unauthorized access, modification, or disclosure.
It also provides bank-level security to the customer data and information. It uses 256-bit secure socket layer (SSL) technology to safeguard you and your financial data.
Moreover, All transit data is encrypted between both the system i.e yours and the lender, to ensure that all your data and information is fully protected.
Jacaranda Finance Loans Pros & Cons
| Pros | Cons |
|---|---|
| The application process is completely online. | High-interest rates may apply if the credit score is poor or bad for large loans. |
| Money will be credited to your bank account within 60 seconds of approval if you have NPP-enabled bank accounts. | Fees are not clearly mentioned on its website. you may get it at the time of the loan agreement. |
| Loan options are there like a small loans, medium loans & Large loans. | |
| It provides bad credit loans as well. |
Jacaranda Loans Reviews & Feedback
It has a 4.9 google rating on its website which is excellent.
Productreview.com.au shows 1303 reviews on its website out of which 1044 have a five-star rating. Overall It has a rating of 4.7 out of 5 which is excellent.
Trustpilot shows 538 reviews on its website out of which 88% are having excellent reviews. Overall It has a rating of 4.7 out of 5 which is excellent.
Wordofmouth.com.au shows a rating of 4.8 out of 5 based on 871 reviews which are again excellent.
Jacaranda Finance Contact Details
Jacaranda Finance Customer Support Contact Number = 1300 189 823
Jacaranda Finance email address = info@jacarandafinance.com.au
Jacaranda Finance Address: 349 Coronation Drive Milton, Brisbane, QLD, 4064
Jacaranda Finance Opening Hours |Business Hours =
Monday – Thursday = 8:00 A.M – 5:00 P.M
Friday = 8:00 A.M – 4:00 P.M
Saturday = 8:00 A.M – 12:00 P.M
Sunday = Closed
Conclusion
This article contains Jacaranda Finance Loan Reviews | How to Get a Personal Loan with Jacaranda. I hope the analysis will be useful to you.
It was founded in the year 2013. It is the best alternative to traditional financial institutions, No doubt, it helps Australians to get a loan as quickly as possible. It uses machine learning and the latest technology in its services.
However, it is very important to know the interest rate you are being offered and the fee & charges. Make sure you check with the lender about all these in detail.
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FAQs
Jacaranda finance phone number is = 1300 189 823.
It has a 4.9 google rating on its website which is excellent.
Monday – Thursday = 8:00 A.M – 5:00 P.M
Friday = 8:00 A.M – 4:00 P.M
Saturday = 8:00 A.M – 12:00 P.M
Sunday = Closed
Yes, Being a responsible lender does a credit check to all the applications it receives for a loan. However, it is not the sole criteria to approve a loan. It uses bank statement scoring technology to determine your current financial situation.
349 Coronation Drive Milton, Brisbane, QLD, 4064
